Question 4) A firm is considering a project that requires the up-front purchase of equipment for $200 million. The equipment will be depreciated straightline over its 25 -year useful life. The project is expected to generate sales of $50 million a year and have cash costs of $28 million a year for each of the next 25 years. The firm is subject to a tax rate of 32%. What is the annual operating cash flow that this project is expected to generate? Round all intermediate calculations to 6 decimal points. Your final answer should be within $100 of the correct answer choice. 1) $22,960,000 2) $17,520,000 3) $14,960,000 4) $22,000,000